California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$256M |
| 2 |
Target
TGT
|
+$134M |
| 3 |
Abbott
ABT
|
+$111M |
| 4 |
Verizon
VZ
|
+$84.9M |
| 5 |
NetEase
NTES
|
+$84.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.01B |
| 2 |
Apple
AAPL
|
+$271M |
| 3 |
Ross Stores
ROST
|
+$166M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$117M |
| 5 |
NVIDIA
NVDA
|
+$91.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.86% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.13% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TCRR
2401
DELISTED
TCR2 Therapeutics Inc. Common Stock
TCRR
| $1.14M | ﹤0.01% |
51,700
-4,742
| -8% | -$129K |
|
2402
Veritone
VERI
$139M
| $1.14M | ﹤0.01% |
47,600
-6,054
| -11% | -$216K |
|
|
VRTV
2403
DELISTED
VERITIV CORPORATION
VRTV
| $1.14M | ﹤0.01% |
26,800
-3,868
| -13% | -$111K |
|
2404
Telos
TLS
$344M
| $1.14M | ﹤0.01% |
29,976
-2,837
| -9% | -$100K |
|
2405
Winmark
WINA
$1.26B
| $1.14M | ﹤0.01% |
6,100
-556
| -8% | -$101K |
|
|
ONT
2406
Onterris Inc
ONT
$615M
| $1.13M | ﹤0.01% |
22,600
-2,074
| -8% | -$87.6K |
|
|
LOVE
2407
LoveSac
LOVE
$258M
| $1.13M | ﹤0.01% |
20,000
-1,829
| -8% | -$101K |
|
2408
EverQuote
EVER
$864M
| $1.13M | ﹤0.01% |
31,100
-3,483
| -10% | -$148K |
|
|
AIFU
2409
AIFU Inc
AIFU
$218M
| $1.13M | ﹤0.01% |
202
+5
| +3% | +$29.3K |
|
2410
Tootsie Roll Industries
TR
$3.02B
| $1.13M | ﹤0.01% |
39,393
-3,636
| -8% | -$99.9K |
|
|
XRN
2411
Chiron Real Estate Inc
XRN
$484M
| $1.13M | ﹤0.01% |
17,160
-2,214
| -11% | -$147K |
|
2412
Expro Ltd
XPRO
$2.1B
| $1.12M | ﹤0.01% |
52,617
-4,873
| -8% | -$106K |
|
2413
ATN International
ATNI
$491M
| $1.12M | ﹤0.01% |
22,800
-2,042
| -8% | -$96.8K |
|
|
PTVE
2414
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $1.12M | ﹤0.01% |
81,426
-7,694
| -9% | -$119K |
|
2415
Ennis
EBF
$559M
| $1.11M | ﹤0.01% |
52,100
-4,710
| -8% | -$93.3K |
|
|
TEN
2416
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $1.11M | ﹤0.01% |
103,700
-15,448
| -13% | -$169K |
|
2417
Digi International
DGII
$3.23B
| $1.11M | ﹤0.01% |
58,500
-5,175
| -8% | -$107K |
|
2418
Oric Pharmaceuticals
ORIC
$1.42B
| $1.11M | ﹤0.01% |
45,271
-4,184
| -8% | -$132K |
|
|
STEL
2419
DELISTED
Stellar Bancorp
STEL
| $1.11M | ﹤0.01% |
36,100
-3,440
| -9% | -$99K |
|
|
SOHU
2420
Sohu.com
SOHU
$364M
| $1.11M | ﹤0.01% |
70,502
+2,073
| +3% | +$37.1K |
|
|
FFG
2421
DELISTED
FBL Financial Group
FFG
| $1.11M | ﹤0.01% |
19,800
-2,916
| -13% | -$165K |
|
2422
Immunovant
IMVT
$8.64B
| $1.11M | ﹤0.01% |
68,937
-8,117
| -11% | -$214K |
|
2423
Metallus
MTUS
$892M
| $1.11M | ﹤0.01% |
94,100
| – | – |
|
|
IGMS
2424
DELISTED
IGM Biosciences
IGMS
| $1.1M | ﹤0.01% |
14,400
-1,890
| -12% | -$172K |
|
2425
Phathom Pharmaceuticals
PHAT
$743M
| $1.1M | ﹤0.01% |
29,400
-2,724
| -8% | -$114K |
|
Similar funds
California Public Employees Retirement System's Q1 2021 Portfolio in Review
As of Q1 2021, California Public Employees Retirement System held 3,578 positions worth $131B, up 1.3% from $130B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
California Public Employees Retirement System withdrew a net $4.27B in Q1 2021, closing 50 positions and reducing 2,621 holdings. Its most notable exit was Tiffany & Co., an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 22% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in BeOne Medicines Ltd worth $71.6M.
- California Public Employees Retirement System's largest Q1 2021 buy was BeOne Medicines Ltd: 205,769 shares worth $71.6M.
- California Public Employees Retirement System added most to Walmart Inc in Q1 2021, an estimated $256M increase.
- California Public Employees Retirement System's biggest Q1 2021 reduction was Alibaba, cutting an estimated $1.01B.
- California Public Employees Retirement System fully exited Tiffany & Co. in Q1 2021, selling an estimated $117M.
- California Public Employees Retirement System's ten largest holdings make up 17% of its $131B portfolio in Q1 2021.
- California Public Employees Retirement System opened 15 new positions and closed 50 in Q1 2021.
- California Public Employees Retirement System's portfolio value rose 1.3% quarter-over-quarter to $131B.
Based on California Public Employees Retirement System's 13F filing for Q1 2021, filed 14 May 2021.